Headway Capital Partners has announced HIP V’s investment in a vehicle formed and managed by independent sponsor Ceres Industries Capital to acquire Karavel Groupe, France’s leading tourism group. The full press release is included below.

Montefiore Investment, Ceres Industries Capital and CFJ (Compagnie Financière Jousset) enter into exclusive negotiations with Equistone for the acquisition of Karavel Groupe

Ceres Industries Capital, CFJ (Compagnie Financière Jousset) and Montefiore Investment today announce their entry into exclusive negotiations with Equistone Partners Europe for the acquisition of Karavel Groupe, one of the largest tourism groups in France.

Read full press release here.